Italy Banking Services Market Report by Type (Retail Banking, Commercial Banking, Investment Banking), Provider (Commercial Banks, Community Banks, Credit Unions, and Others), Services (Investment Services, Insurance Services, Tax and Accounting Services, and Others), and Region 2024-2032

Italy Banking Services Market Report by Type (Retail Banking, Commercial Banking, Investment Banking), Provider (Commercial Banks, Community Banks, Credit Unions, and Others), Services (Investment Services, Insurance Services, Tax and Accounting Services, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A23797
Year End sale Buy Now

Italy Banking Services Market Overview:

The Italy banking services market is projected to exhibit a growth rate (CAGR) of 6.10% during 2024-2032. The growth of the market is driven by several key factors, including the introduction of digital solutions, the surge in mobile banking and digital payment systems, and regulatory reforms supporting economic recovery.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 6.10%


Italy Banking Services Market Trends:

Technological Advancements and Digitization

The Italian banking industry is experiencing significant growth, primarily driven by advancements in technology and the introduction of digital solutions. For instance, Italy’s biggest bank Intesa Sanpaolo is aiming to spend 5 billion euros ($5.4 billion) in technology in 2022-2025, as it switches to a cloud-based core banking IT system which it has successfully tested at a new digital bank. Italy’s No.2 bank UniCredit, which a decade ago outsourced its IT infrastructure, targets tech spending at 2.8 billion euros in 2022-2024. Current technological features, including artificial intelligence (AI), blockchain, and machine learning (ML), have scaled up the type and manner of services offered in banking industries. These innovations have enhanced operational efficiency, the quality of customer services, and security measures, making banking more accessible to customers. Additionally, the surge in mobile banking and digital payment systems has improved customer interaction and satisfaction. Continuous investment in financial technology and the advancement of the digital banking sector have driven growth in Italy’s banking services market, positioning it well for further expansion in the digital age.

Supportive Regulatory Reforms in Economic Recovery

Italy’s banking services market is steadily growing, supported by favorable regulatory conditions and the ongoing economic revival in the country. Italy’s NRRP is a vast programme of reforms and investment designed to promote Italy’s economic recovery, while addressing a number of structural weaknesses and pursuing major objectives such as the green transition and digital transformation. This has provided more confidence to the consumers and investors due to the measures taken by the Italian government to mend the financial structures and stabilize them. Banking system reforms focused on enhancing accountability, improving risk management, and increasing competition have significantly strengthened the system. Additionally, the slow but steady economic growth in Italy, driven by rising consumer and business expenditure, has created a demand for diversified banking services among Italian clients. These factors, along with supportive legal conditions, are crucial for the development of banking services in Italy, ensuring a stable and secure financial market.

Italy Banking Services Market News:

  • In May 2024, Banco BPM finalized the placement of a new Covered Bond issue intended for institutional investors, for an amount of 500 million euro and a maturity of 7 years under the 10-billion-euro Obbligazioni Bancarie Garantite (BPM Covered Bond 2) Programme.
  • In May 2024, Intesa Sanpaolo successfully acquired Romanian First Bank from the US-based private investment fund J.C. Flowers & Co., having secured all necessary regulatory approvals. This acquisition allows Intesa Sanpaolo to more than double its presence in Romania, where it is already active through Intesa Sanpaolo Bank Romania. It strengthens the Group’s competitive position in the local market, elevating it to one of the top 10 banks in the country.
     

Italy Banking Services Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on type, provider and services.

Type Insights:

Italy Banking Services Market

  • Retail Banking
  • Commercial Banking
  • Investment Banking
     

The report has provided a detailed breakup and analysis of the market based on the type. This includes retail banking, commercial banking, and investment banking.

Provider Insights:

  • Commercial Banks
  • Community Banks
  • Credit Unions
  • Others
     

A detailed breakup and analysis of the market based on the provider have also been provided in the report. This includes commercial banks, community banks, credit unions, and others.

Services Insights:

  • Investment Services
  • Insurance Services
  • Tax and Accounting Services
  • Others
     

The report has provided a detailed breakup and analysis of the market based on the services. This includes investment services, insurance services, tax and accounting services, and others.

Regional Insights:

Italy Banking Services Market by Region

  • Northwest
  • Northeast
  • Central
  • South
  • Others
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Northwest, Northeast, Central, South and Others.  

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Italy Banking Services Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Billion US$
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • Provider
  • Services
  • Region
Types Covered Retail Banking, Commercial Banking, Investment Banking
Providers Covered Commercial Banks, Community Banks, Credit Unions, Others
Services Covered Investment Services, Insurance Services, Tax and Accounting Services, Others
Regions Covered Northwest, Northeast, Central, South, Others
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Italy banking services market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Italy banking services market?
  • What is the breakup of the Italy banking services market on the basis of type?
  • What is the breakup of the Italy banking services market on the basis of provider?
  • What is the breakup of the Italy banking services market on the basis of services?
  • What are the various stages in the value chain of the Italy banking services market? 
  • What are the key driving factors and challenges in the Italy banking services?
  • What is the structure of the Italy banking services market and who are the key players?
  • What is the degree of competition in the Italy banking services market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Italy banking services market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Italy banking services market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Italy banking services industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Italy Banking Services Market Report by Type (Retail Banking, Commercial Banking, Investment Banking), Provider (Commercial Banks, Community Banks, Credit Unions, and Others), Services (Investment Services, Insurance Services, Tax and Accounting Services, and Others), and Region 2024-2032
Purchase Options Year End sale




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More
Gulf Excellent Group

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Read More
FS Corporation Inc.

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

Read More
Egyptian Industrial Investment Group

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

Read More
Vishnu Chemicals

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

Read More
MOUNT EVEREST BREWERIES LIMITED

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

Read More
Borges Branded Foods

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

Read More
Godrej Consumer Products Limited

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

Read More
ADC Therapeutics

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

Read More
Ivanti

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

Read More
Asiatic Electrical & Switchgear P. Ltd.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Read More
Denka Co., Ltd.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Read More